A gauge of home-builder sentiment hit its highest level since November 2005, reflecting confidence in a steadily improving U.S. housing market. An index of builder confidence in the market for new single-family homes stood at [...]
Housing starts declined 1.6 percent, the first drop since August, to a 1.03 million annualized rate from a revised 1.05 million pace in October that was stronger than previously estimated, figures from the Commerce Department [...]
"After falling for two straight months, nationwide sales of new homes jumped 18 percent in August to the highest level since May 2008." Read the full article on the Washington Business Journal.